The buildings are located at Sixth Avenue and Interstate 70, Havana and Interstate 25, 52nd Avenue and Broadway and 4300 S. Federal. The properties' overall occupancy rate is 97%.
Baceline put together the purchase in only six weeks. It is the first of a series of acquisitions planned by Baceline, which plans to roll the properties into its No Debt Real Estate Investment Fund. The goal of the fund will be to produce steady and predictable cash flow in the 8% to 10% range for its investment group.
Baceline includes partners in Chicago and Dallas. It plans to acquire $75 million in properties in the city, Chicago and Dallas over the next two years.
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